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Accounting
Instructions Data pertaining to the current position of Forte Company follow: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Accounts payable Notes payable (short-term) Accrued expenses $412,500 187,500 300,000 700,000 50,000 200,000 250,000 300,000 Required: Starting Question 1. Compute the following. Round ratios to one decimal place. A. Working captal: B. Current ratio: C. Quick ratio: 2 Compute the working capital, the current ratio, and the quick rabo ater each of the folowing transactions and record the results in the appropnilate cotumns of the table provided. Consider each transaction separately and assume that only that transaction affects the data gven. Round ratios to one decimal place
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